Gross Domestic Product: Machinery Manufacturing (333) in Missouri
MOMACHMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,428.70
Year-over-Year Change
34.80%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Machinery Manufacturing (333) in Missouri trend measures the economic output of the machinery manufacturing industry in the state. It provides insights into the health and growth of this key manufacturing sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the value-added production of machinery manufacturing businesses in Missouri, including the production of computers, communications equipment, and other industrial machinery. It is used by economists and policymakers to analyze the state's industrial composition and economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using surveys and economic models.
Historical Context
The GDP: Machinery Manufacturing (333) in Missouri trend is relevant for understanding the state's manufacturing competitiveness and the impact of policies targeting this industry.
Key Facts
- Missouri's machinery manufacturing GDP was $10.7 billion in 2021.
- The sector accounts for 5.3% of the state's total economic output.
- Machinery manufacturing employment in Missouri totaled 55,000 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Machinery Manufacturing (333) in Missouri trend measures the economic output of the machinery manufacturing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and competitiveness of a key manufacturing sector in Missouri, which is important for understanding the state's economic performance and the impact of related policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using surveys and economic models.
Q: How is this trend used in economic policy?
A: The GDP: Machinery Manufacturing (333) in Missouri trend is relevant for policymakers and economists analyzing the state's industrial composition and competitiveness, as well as the potential impacts of policies targeting this manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published annually by the BEA, with a delay of several months after the end of the reference year.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Machinery Manufacturing (333) in Missouri (MOMACHMANNGSP), retrieved from FRED.